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Sam Bankman-Fried claims FTX was never bankrupt, alleging lawyers filed for bankruptcy without his consent or approval during the collapse.
Collapsed crypto exchange FTX has about $1.24 billion of cash in total â but still owes at least $3.1 billion
Alvarez & Marsal, which is advising FTX, said teams identified âsubstantially higher cash balancesâ than were initially known.
The overall balance of $1.24 billion still represents a marked shortfall on the billions FTX owes its creditors.
A separate filing on Saturday said FTX owed $3.1 billion to its largest 50 unsecured creditors.
FTXâs new management is expected appear in court later Tuesday to recount the events that led up to its sudden collapse.#FTX #bitcoin #GoldSilverRally #USRetailSalesMissForecast #USIranStandoff $ZAMA
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